PRESIDENT | You guys — 'look, we’re not negotiating the debt ceiling' ...'Here’s the deal: They [GOP] passed — they said they’re going to'

Snippet of Article: "...THE PRESIDENT: You guys — look, we’re not negotiating the debt ceiling. Here’s the deal: They passed — they said they’re going to — if they pass the debt ceiling, and they said they’d only do it on a condition that it have all these cuts in it. I said, “I’m not going to do that. You pass the debt ceiling, period. I’ll negotiate with you on the cuts — what you say what’s going to happen, what the budget is going to look like.” That’s what we are negotiating in order to get to them deciding that they’re going to go along with a new debt ceiling, meaning that it’s not attached. Something totally different attached that wasn’t attached before...."

Source: The White House

Negotiating the debt ceiling, GOP Caves,

Biden Default? Biden Fears He May Have to Negotiate or He Will Cause a Default

Looming debt ceiling breach: 'Biden default'

Snippet of Article: "'Our debt is larger than our economy, by more than 20%. If we do nothing, we will pay more in interest in the next ten years than we paid in the last 83," the speaker said at a press conference. "If we do nothing, and you follow along…God forbid you get a Biden default because he ignores the problem just as he ignored the border."...He and the other Republicans gathered also laughed off a reporter’s question on Biden stating he would not accept work requirements "of consequence" for federal benefits, a cornerstone of the House GOP’s bill. Amid the roaring laughter a lawmaker could be heard shouting "Loser!""

Source: www.msn.com

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Biden has vowed not to negotiate with Republicans on Debt Ceiling

Snippet of Article: "...[Biden] has vowed not to negotiate with Republicans. ...spent hours with Biden trying to find a solution, said the president's no-negotiations stance may prove unsustainable. ...would rather see the United States go bankrupt, the dollar collapse, and see people's fortunes go down the tubes all to make a political point..."

Source: www.reuters.com

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Treasury says it may not know debt ceiling deadline until after tax filing season

Snippet of Article: "...inquiry on how the government intends to avoid economic turmoil, a Treasury official reiterated warnings about the "catastrophic impacts" of a U.S. government debt default, but added that it’s unclear when it will need new borrowing authority. "Given historical variations and the timing of tax filings being made over the next two months, we may not have a clearer picture until sometime after the filing season regarding how long extraordinary measures and cash on hand will continue to enable Treasury to satisfy the government’s obligations..."

Source: www.foxnews.com

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Here’s why Janet Yellen doesn’t think prioritizing payments would avoid a debt ceiling debacle

Snippet of Article: "...the heightened political polarization in Washington, DC, may drive the nation closer to the edge of default than has been the case in years. The US hit its $31.4 trillion debt ceiling in January, forcing the Treasury Department to take extraordinary measures to allow the federal government to continue paying its bills in full and on time. A default could come over the summer or in early September, according to various analyses. ..."

Source: cnn.com

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